Acting Freddie Mac CFO found dead in apparent suicide

The acting chief financial officer of mortgage giant Freddie Mac has committed suicide, according to news reports.

David Kellerman, 41, a 16-year-veteran of the company, was found dead this morning in his Virigina home, according to Washington, D.C., radio station WTOP. He was appointed to lead the company last September.

The U.S. government took over Freddie Mac and Fannie Mae last fall as losses on mortgage loans backed by the companies mounted. All told, the companies have received about $60 billion in government investments.
Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.